Tag: Transformation

  • Cisco Systems mulls digital transformation of real estate

    The need for greater security in buildings and properties is now a major source of concern to stakeholders in the real estate sector. This is why property owners are looking towards technology convergence to deliver enhanced occupant experiences and improve efficiencies in their buildings.

    Experts in the technology sector, however, argued that as the number of networks and connections within buildings grows, they become increasingly complex. They are convinced that today’s building systems and equipment need to work together smoothly and efficiently to meet owners’ and occupants’ needs, hence, an holistic approach of integrating new technologies is  needed.

    It was, therefore, instructive when a global leader in networking and IT solutions, Cisco Systems, held a real estate roundtable at its Lagos office to introduce Cisco’s Smart and Connected Building solution to operators.

    They include operations and property managers; developers; chief operating officers and chief information officers of organisations.

    Cisco General Manager Olakunle Oloruntimehin expressed his firm’s commitment to providing innovation to customers. He revealed that at the heart of the Cisco approach is a service-oriented building architecture designed to reduce cost and complexity by replacing discrete and disparate in-building system networks with one simplified, flexible, and scalable IP network. He said this converged network creates the secure and reliable platform for systems integration by enabling information from various systems to be shared.

    According to Oloruntimehin, not only has this made it possible to automate processes, such as heating in anticipation of changes in the weather, it has also enabled the creation of new, IP-based information and communications services.

  • Ajimobi: A legacy of transformation

    Ajimobi: A legacy of transformation

    Oyo State Governor Abiola Ajimobi’s media aide Akin Oyedele highlights his principal’s achievements in the last six years and how he intends to sustain the tempo of performance.

    During the electioneering for the 2011 governorship election, nearly all the political parties and their candidates jostling for the coveted office in Oyo State employed the usual refrain to worm themselves into the hearts of the electorate. As they mounted the rostrum, all you hear then was ‘we will build roads; low-cost houses will be yours for the asking; it will be life in abundance for citizens and sojourners…’ In fact, some chose to revile past holders of the office or frontline opponents in the war of attrition. Like Jesus Christ, in one of his parables to the Pharisees in John, Chapter 10, some of these politicians, who could hardly win in their polling units, would say, “All who came before me were thieves and robbers…The thief comes only to steal and kill and destroy. I have come that they (you) may have life and have it in all its fullness.” Rather than malign his predecessors or adopt vainglory approach, Senator Abiola Ajimobi chose a different path. He would always tell his teeming supporters that “if I will not make a remarkable difference as governor, may God abort this ambition. But, if my becoming governor will turn around the fortunes of this state may God assist me to surmount every obstacle towards realizing my ambition.” He did not only win in 2011, but broke the second term jinx in 2015 with the support of the appreciative citizens of the state.

    In retrospect, it is on record that the Oyo State Ajimobi inherited in 2011 was an entity in complete tumult. Murder, brigandage, rape, arson and other forms of violence qualified Oyo then as a Hobbesian state where life was short and brutish. Motor Park czars and political jobbers, who have been canonised by incorrigible local overlords with connection in high places, had virtually made the state ungovernable. At the height of the impunity, one was described at a public event as a “dried fish that cannot be bent” by the very key figure the hapless citizens looked up to for their redemption.   As the stupefied audience exchanged glances, he assailed them with the clincher, ‘you have to live with his excesses.’

    No doubt, the job of government is to protect and promote the socio-economic wellbeing of the citizenry, through the provision of an enabling environment. It was with this in mind that Ajimobi premised his administration’s policy thrust on the restoration of peace and security, as well as the restoration of the fading glory of the pacesetter state in all spheres. It was not mere happenstance that on assumption of office, the governor introduced eight pyramids of development, among which safety, peace and security were pivotal.

    Ajimobi’s pyramid of development bears semblance to the theory of human needs espoused by the American psychologist, Abraham Maslow, in his 1954 book, Motivation and Personality. In hierarchical order, Maslow had rated safety and security needs highly, next to physiological needs (air, water, food, shelter, clothing and other basic physical requirements), which are the sine qua non of human existence.

    In six years, the governor’s scorecard in peace and security suggest that he did not only dream about his desire to make the people of the state sleep with their two eyes firmly shut, he walked his talk. First, he reined in the rapacious drivers’ unions before clamping down on other bands of brigands. Next, the governor inaugurated a joint security outfit codenamed ‘operation burst’ with six zonal commands to whip into line the errant scallywags disturbing the peace of the land. To give the outfit the needed bite, the governor procured armoured personnel carriers, a fleet of patrol vehicles and state-of-the-art communication equipment for its operation. To enlist the support of stakeholders and forestall encumbrances in its running, the governor went a step further by floating a security trust fund to raise funds for its operations. The result of these efforts is a drastic reduction in crime rate and civil unrest manifesting in no major crime or robbery in the last six years.

    Today, nightlife that was hitherto at zero level is now witnessing a new hustle and bustle, with night clubs and drinking joints dotting the landscape. Residents can now freely pass through the once dreaded Iwo Road interchange, formerly the den of armed robbers, drug addicts and rapists, who hid under the cover of darkness to bare their fangs.

    For the furtherance of his agenda on safety and security, the forward-looking governor had recently embraced the safe city project.    The project will proffer cutting edge solutions that will nip crime and criminality in the bud, especially in Ibadan, the state capital. To this end, Ajimobi recently declared that plans were afoot to install closed circuit television (CCTV) in black spots and business districts in the city to monitor the activities of criminals. Although, the recent onslaught of the self-styled one million boys in Ibadan would suggest that it is not yet Uhuru, the rapid force with which they were crushed confirms that law enforcement agencies are equal to the task of tackling and ultimately ridding Oyo State of undesirable elements. The incident, however, points to the fact that no society, not even the developed ones, is insulated from crime. Eternal vigilance among citizens and cooperation with law enforcement agencies by blowing whistles on criminals will, no doubt, complement the efforts of the government in this regard.

    Before the advent of the Ajimobi-led administration, Ibadan was touted as one of the dirtiest cities in the country because of the mountain of refuse indiscriminately dumped in open places. The city had no clear cut solid waste management policy, while it constantly suffered environmental hazard and degradation.  But, Ajimobi took up the gauntlet and cleaned up the city in a well thought out urban renewal and physical infrastructure development programmes. Similarly, residents of Ibadan can attest to the poor network of roads in existence before the governor mounted the saddle. Not that his predecessors did not construct roads, but the quality of these roads left much to be desired.

    That the pristine state capital had now become the next investors’ destination will not be an overstatement judging by the number of blue chip companies that have berthed in Ibadan since Ajimobi cleaned up the city. For starters, investors don’t take their money to an environment where the safety and security of their workers and investment would be jeopardised; where there is poor network of roads or where the environment is filthy and uncongenial for business

    At the last count, 36 new companies have been attracted to the state in the last six years, with close to 4000 direct employees, according to figures obtained from the Manufacturers Association of Nigeria. Further proof of this upsurge in industrialisation is the rating of Oyo as the fifth most investment friendly state by the National Bureau of Statistics, which also credited the governor as having attracted more than $61m (N22.4bn) foreign direct investment to the state so far.

    The governor recently opened a new vista of industrial development with the acquisition of large expanse of land on both sides of the Lagos-Ibadan expressway to accommodate the Polaris-Pacesetter Free Trade Zone and an Industrial Park. The free trade zone is one of the dividends of Ajimobi’s many shuttles to China, where Oyo State is now very popular, because of the governor’s relentlessness and spirited efforts to attract investors into the state.  Exuding confidence at a recent event, the governor enthused that seven of the more than 157 companies expected to populate the free trade zone would be inaugurated by the end of this year.

    Within the first six years of his administration, Ajimobi constructed the Mokola flyover, which was the first by any civilian governor in the state. Although it may sound exaggerated, some travellers coming into Ibadan through the Challenge/Orita axis for the first time in six years have been said to miss their ways due to the transformation brought to the area with the new network of six-lane roads. Apart from Challenge, the once decrepit Alesinloye, Dugbe-Magazine-Eleyele Roads have been expanded to six lanes, complete with modern furniture and built to last.

    The governor’s road revolution was extended to the other five major zones of the state. Thus, Oyo, Ogbomoso, Ibarapa, as well as Oke-Ogun I (Iseyin axis) and Oke-Ogun II (Saki axis) now boast of six-lane roads, for the first time in their histories. The administration also constructed 183 roads and seven bridges, totalling 590km. Similarly, to improve the condition of the road network across the state a total of 850km roads were rehabilitated and maintained in the last six years.

    In his determination to bequeath a lasting road legacy on the state, the governor had in the past few weeks flagged off the Eleyele-Ologuneru-Eruwa; Idi-Ape-Basorun-Akobo-Odogbo Barracks junction; Gate-Old Ife Road-Alakia, as well as Oke Adu-Iwo Roads for construction into standard and six-lane roads. In Ajimobi’s avowed determination to enlist Ibadan among the elite state capitals and mega cities, the governor had also revived the Ibadan Circular Road, which had remained a dream in the past 15 years under successive administrations. To the delight of citizens, the governor had during the flag off ceremony explained that the project was awarded to the ENL Consortium Limited at the cost of N70bn, under a build, operate and transfer arrangement.

    He emphasised that it would be entirely financed by the contractor through a facility sourced from the China Exim Bank. When completed, the road is poised to decongest the city and enhance its aesthetics, apart from its unquantifiable commercial value. To demonstrate the importance attached to these projects, the governor had told the contractors that they must be completed before he leaves office.

    Again, in order to restore sanity to the state, the governor recently inaugurated the first of its kind master plan for Ibadan, the state capital, in conjunction with the World Bank, while he also established the Bureau of Physical Planning and Development control. All these are tailored towards ending the regime of indiscriminate and haphazard constructions in Ibadan.  But for the Ajimobi-inspired World Bank-assisted Ibadan Urban Flood Management initiative, the perennial flooding that had consumed lives and property in Ibadan prior to his regime would have again wreaked havoc this year. In the last six years, extensive dredging and channelization efforts had taken place in the Ogunpa and other rivers in Ibadan, while drainages are being desilted for free flow of water.

    As the Yoruba will say, ‘Oro po ninu iwe kobo’ (there are far too many words to encounter in a penny-worth newspaper!). There is so much to reel out about the Ajimobi success story…it will amount to a disservice to the governor, popularly called the game changer, to attempt to lump all his achievements in this single piece. Thus Ajimobi’s indelible footprints in education, agriculture, health, housing, social infrastructure, transportation, governance and service matters will have to be told another day soon. What is for sure and unarguable is that Ajimobi has already etched his name in the sands of time and would most certainly be remembered as the builder of the modern Oyo State by generations to come. Undoubtedly, Ajimobi’s regime was ordained by God.

    • Oyedele is Senior Special Assistant (Media) to the governor.
  • Lagos: Celebrating five decades of transformation

    Lagos: Celebrating five decades of transformation

    Fifty years is a significant period in the life of any individual, institution or state. For Lagos State, it has been an eventful 50 years which deserves to be appropriately celebrated vis-à-vis the boundless progress it has attained in terms of development.

    It is imperative for Lagos State to celebrate, in a grand style, its existence as a geographical entity in the past 50 years.

    But one cantankerous issue yet to be addressed roundly is whether the success of Lagos in the past 50 years was achieved by only those indigenous to the state? Are there tangible contributions to the growth and development of the Centre of Excellence by those who are not indigenous to the state? Again, can anyone talk about the success of Lagos State since 1967 without mention made of contributions of individuals that are not indigenous to it?

    It was in a bid to riposte these issues that one of the Igbo scholars, Chief Geoffrey Umeh posited that people who are from other states who reside in Lagos have made significant contributions to the development of Lagos State.

    Special mention was made of Ndigbo being factor in Lagos State development.

    In his book Ndigbo: A Factor in Lagos State Development written to celebrate five decades of genial inter-ethnic harmony, peace and progress among the people of Lagos State and non-indigenes and in commemoration of Lagos at 50 celebrations, Chief Umeh highlighted some salient points to prove that the Igbo are really stakeholders in the affairs of the state.

    The book is an attempt to showcase how the Igbo Community in Lagos State that comprises Igbo-speaking states of Abia, Anambra, Enugu, Ebonyi, Delta, Imo and Rivers states have immensely impacted positively on the economy and development of Lagos State

    It symbolises Igbo solidarity with Lagos State Golden Jubilee anniversary celebrations.

    The author maintained that the Igbo resident in Lagos believe in the adage that ebe onye bi ka o n’awachi meaning where one lives, he maintains.

    He said: “For the Igbo community in Lagos that cuts across the Igbo-speaking peoples of Abia, Anambra, Ebonyi, Enugu, Delta, Imo and Rivers states, the celebration of 50 years of the creation of Lagos State is a moment of truth. This is the finest hour to demonstrate Igbo solidarity with the government and people of Lagos State.

    “It is also what inspires publishing the book, Ndigbo: A Factor in Lagos State Development; a synopsis of individual and corporate roles of Nigerians of Igbo extraction in shaping what is today known as the Centre of Excellence.”

    Lagos State is the only cosmopolitan state in Nigeria; hence the celebration of the Golden Jubilee anniversary deserves to be appreciated by all.

    For the Igbo that ranked the most-populous ethnic group that are not indigenous to Lagos State, the idea of demonstrating solidarity with the government and people of the state must be seen as a rewarding phenomenon without political colouration.

    What cannot be contested is that Lagos State is a microcosm of the Nigerian federation where the atmosphere of sense of belonging has been created and nourished by our founding fathers.

    The creation of states from 1967 has not changed this notion. Also remarkable is the fact that the Igbo, more than any other people that are not indigenous to Lagos State, have made the most visible and enduring impact to the socio-economic development of the state.

    It is significant that, 21 years after the creation of Lagos State, the state government, on its wisdom, on October, 1998, acknowledged publicly the outstanding contributions of the Igbo community in Lagos State in making it a Centre of Excellence.

    In other words, the Lagos State Government adjudged Ndigbo resident in the state as the foremost contributors to the economy and development of the most-populous Black City in the world.

    Ndigbo, everywhere in the Nigerian federation and beyond exhibit resilience, adventurism, resourcefulness and versatility with Lagos as focal point of manifestation of these attributes. These have been well documented and presented in this all-important book by Chief Umeh.

    In the light of the foregoing, the book, Ndigbo: A Factor in Lagos State Development is apt as an instrument of change and consolidation of the spirit of handshake across the Niger.

    The compendium is a bold attempt to unravel the course of events that had been forgotten or misunderstood in a cosmopolitan society, and portrays graphically the true character of Igbo men and women of excellence who have, in one way or the other, influenced the development of Lagos State through their entrepreneurial acumen and ennobling institutional roles and contributions.

    The book has been well-packaged and presented. With his characteristic simplicity, the author captures the subject in a manner that speaks to all stakeholders in the process of Lagos State development; those who collectively are the custodians and protectors of aggregates of the state’s economy, security, peaceful co-existence, tolerance, and social progress; thereby stimulating national integration

    For the convenience of the reader, the book is divided into five sections with a total of 12 chapters spread over 256 pages excluding the 18 pages of the prelims.

    Section one contains only chapter one with a comprehensive analysis of trends in the creation of states in Nigeria from 1967.

    Section two begins with chapter two that profiles Lagos State and what makes Lagos the commercial nerve centre of the nation and, indeed, the economic capital of West Africa.

    It is followed by chapter three which contains the full text of the Lagos State Government’s comments and views on the Igbo community. The section concludes with a chronicle of Igbo in governance in Lagos State from 1967 till date.

    Section three opens with chapter four that has the fascinating subject of the unique contributions of Igbo to the socio-economic development of Lagos State. Chapter five beholds the Igbo icons of commerce while chapter six focuses on Igbo Cultural Day celebrations.

    Chapter seven is a reminder to the reader of the thoughts and strategies originating from the 2010 Igbo Day held in Lagos while chapter eight X-rays the making of Eze Igbo institution.

    Section four contains chapters nine; 10 and 11–all are readings on various topical issues about Igbo in contemporary Nigeria.

    Section five is the concluding part of the compendium. It contains chapter 12 which is a showcase for Igbo men and women of excellence who are the foremost contributors to the economy and development of the most populous Black City in the world.

    One hopes that the compendium will prove useful to all those to whom it is addressed, notably, the present and future state and local governments of Lagos State, the Igbo business community, League of Igbo Town Unions/Associations, Traditional Institutions on both sides of the divide and other stakeholders in the drive for a better future of Lagos State and Nigeria.

    Buy one and give one to a friend.

     

  • Kalu hails Ambode for transformation

    Kalu hails Ambode for transformation

    Former Abia State Governor Orji Uzor Kalu at the weekend praised Lagos State Governor Akinwunmi Ambode for transforming the Centre of Excellence with massive infrastructural development.

    Kalu said the infrastructural drive will help attract investment into Nigeria.

    Speaking in an interview at the departure wing of the Murtala Muhammed International Airport on his way to the United States, Kalu said the exemplary leadership thus far shown by Ambode in Lagos puts him in “A – list” among governors.

    Kalu said: “I am very impressed with what is happening in Lagos State and the continuity Ambode has taken.

    “His background as a civil servant has put him in good stead to understand the dynamics of the job.

    “For me , the mark I am giving him is very high . My advice is that he should keep it up and he should not relent in his efforts in trying to defend democracy here.

    if it is well with Lagos, it will be well with other parts of the country.

    “So I believe that Ambode should do more, run more and hit the ground more. I am not saying this for him to go and start sleeping. I have never seen him since he became governor.”

  • AfDB chief seeks Africa’s economic transformation

    AfDB chief seeks Africa’s economic transformation

    President of the African Development Bank (AfDB) Dr Akinwumi Adesina has called for improved access to financing to accelerate the transformation of African economies.

    Speaking before African leaders at the Africa-France Summit in Bamako, Adesina said Africa can speed up its economic transformation through the bank’s five main priorities which are the High 5; Light Up and Power Africa; Feed Africa;  Industrialise Africa; Integrate Africa; and Improve the Quality of Life of African Populations.

    These  priorities  align with the Sustainable Development Goals (SDGs) and the African Union’s Agenda 2063, as demonstrated by an independent evaluation conducted by the United Nations Development Program (UNDP). However, Adesina noted that the resources needed for Africa’s economic transformation are enormous.

    That’s why AfDB is poised to launch the Africa Investment Forum designed to create a space where supply and demand can meet.

    Advocating for agroindustrialisation and involvement of young people, Adesina said: “The solution to the migratory crisis is in Africa is  why the bank launched the Enable Youth programme which will help create 1.5 million jobs in 30 countries, helping to engage  young people in Africa.

  • Transformation of Seme border

    SIR: The Seme Border Command of the Nigeria Customs Service (NCS) is witnessing an unusual transformation. This is a break from the past. Thanks to the new helmsman, Area Controller Victor Dimka, who has demonstrated the way the job should be done.

    Following his assumption of duty early this year, he read the riot act to officers and critical stakeholders in his determination to reduce corruption and abuse of clearing procedures.

    Dimka’s warning to stakeholders, especially those who might feel aggrieved by his policies has paid off. With him, the new Seme will never remain the same again.

    With his conviction that we must get it right and have a complete moral rebirth to complement the relentless effort of the Comptroller-General of Customs (CGC) to collect maximum revenue, which is the core mandate of the service and which we cannot handle with levity.

    Dimka, the former FOU for Ikeja and Owerri headquarters of Zone C, is reputed to have walked on grounds that devils dreaded to go. He speaks less and acts more. He is not the type of administrator who talks without acting.

    He is blunt and daring against dirty deals.

    He has also beamed his searchlight on those doing official clearing. The 100 per cent physical examination of imported and an ETLS cargo, which was hitherto carried out on the busy Seme/Badagry road, has been phased out.

    Dimka has ordered that such cargoes must go through the scanning machine. Today, the scanning machine, which was once on recess, has been over stretched by this controller.

    Those involved with document and payment verification now work with binocular vision. Hardly can fishy documents sail through their desk without being detected.

    As a vanguard of change, Dimka is using every medium at his disposal to sensitise the public, opinion leaders, the host communities, critical stakeholders and media organisations to partner with him so that the deliberate mistake of the past will be avoided. On his arrival at Seme command, he declared that his administration would remain focused for the people to get it right and for the change to be effected. The controller cited an instance where the uniformity of ex-factory price on vehicle imported in all land borders was misunderstood by stakeholders to be enforced only at the Seme command.

    Despite the low activities which the command recorded earlier in the year, occasioned by the fluctuating exchange rate, the command remains undaunted to perform above board as there is a gradual change of attitude to compliance.

    No wonder that at the end of September, Dimka had generated N1,129,115,213.23 into the federation account, despite criticism and threats from stakeholders who felt aggrieved by his firm stance on improved revenue generation.

     

    • Mohammed Agoro,

    Lagos.

  • ‘MSMEs are vital tools for economic transformation’

    ‘MSMEs are vital tools for economic transformation’

    Lagos State Commissioner for Commerce, Industry and Cooperatives, Rotimi Ogunleye, in this interview with Group Business Editor SIMEON EBULU,  argues for the positioning of the Medium Small and Micro Enterprises (MSMEs) considering their strategic roles in economic growth. This, Ogunleye said, was why the government held a trade fair to showcase MSMEs’potential.  

    Earlier this month, the Medium Small and Micro Enterprises (MSMEs) fair was held in Lagos. How important was this fair for the MSMEs sub-sector of the economy?

    The importance and rationale for the fair was to give the MSME platform the opportunity to exhibit their goods; this is to help open up opportunities for the sub-sector, and invariably help eliminate the issue of a mono product economy that we have. We have come to realise that Nigerian economy has to be diversified. Because of my experience and many years of study, I know that MSME sub-sector is a vital tool for economic transformation and development. So, we came up with this idea that the MSME should be given a platform to display their goods so that people could see them and by that, they could be assured of patronage. In Lagos alone, we have over three million MSMEs. Governor Akinwunmi Ambode gave us the approval to go ahead and we decided to hold the fair for them between May 3 and 8, this year, to display what they are producing.

    Can you say that you have achieved your objective of organising the fair?

    Many of the operators in the sub-sector were happy that the fair held; over 125 people came to participate in the fair to exhibit their products. If not for the space, they would have been more than that and we could have recorded thousands of them at the fair. That is why our governor said that the second edition should be done in a bigger space. The patronage and the response was very encouraging and it shows that operators in this sub-sector were waiting for the opportunity to expose their goods to the public. One thing about this event is that we really partnered with some private sector operators such as the online e-commerce operators, who gave incentive to the SMEs by listing their products on their e-mall platform. This means that, we have achieved what we set out to achieve from the fair.

    The visibility of operators and their accessibility to the market matters a lot, including patronage. Quite a lot of them told us during the fair about the benefits they got in terms of visibility from the people that came to the fair. This is because many of them did not know before that one could produce good soap from carrot that one could bath with. They did not also know that one could recycle used sachet water nylon into very good nylon bag that could be used as containers. They all saw those things at the fair and they were very happy.

    How much was paid by participants to  showcase their products at the fair?

    We did not charge any amount. It was free. Many people came at the latter end of the fair. The ministry is meant to assist them to access market and draw patronage from people. So, if the fair is able to do these for them, it will boost their business and make them to sell their product. Many of them made a lot of contacts for sale and supply of goods. I am sure, with this, they will produce more and get market accessibility so that they could employ more hands. That is our aim and that is why we did not charge participants any money for putting up a stand at the exhibition ground.

    When will the next edition hold?

    The next one will come towards the last quarter of this year. From the response we got from this first one and the calls we received, we have seen that many people are really interested in the fair. People were happy that we came up with this viable option. We expect greater participation in the next one coming up later this year.

    A lot of business deals were done and that is what we set out to achieve. By this, many of our countrymen will be able to patronise many of locally produced goods. This will, in effect, lead to reduction of our import dependent attitude because our tilt towards foreign goods and foreign items has been the bane of this economy. This has subjected our currency, the naira, to a lot of downward pressure, thereby making it to fall ceaselessly against the dollar. If we look inwards and embrace backward integration by using our locally made goods, this pressure could be reduced drastically. Also by patronising the SME operators, they will be able to produce for exports and this will lead to a win-win situation for the country.

    What are the policies being put in place by your ministry to assist the SMEs that participated in the fair?

    I have told you about the platform provided by Konga-the e-commerce operator that listed them on its platform. This is to make it possible for any interested party to see their products and make order. From us in government, we have incentives for the operators such as the N25 billion soft loan facility packaged to assist the SMEs. Out of this, N6.25 billion will be put in the care of the board of trustees yearly for the SMEs to access at three per cent interest rate, and it is the cheapest you can get anywhere.

    We have also spoken to a number of financial institutions for conventional bank loans. They have their own excuses because they have the minimum rediscount rate (now monetary policy rate) at 11 per cent. They will add their own margin which does not allow them to come below the MPR rate. But we have also spoken with the Bank of Industry (BoI) because they have five per cent interest rate which we have encouraged the SMEs to look out for. Incidentally, BOI was also at the seminar to display their products. Their forms were available and they attended to people at the fair. I equally know that at the level of CBN, there is a pool of fund for the SMEs. Conventional banks should look at this in conjunction with the CBN so that we give loans to the SMEs at a lower rate. We should not use the market rate for the SMEs because if we want to grow the economy and diversify it, we must develop the SME. The fair done by the Lagos State has shown clearly that the Nigerian creative spirit is high. Our people have the creative ability to produce most goods locally. The skill could be low because of lack of fund. This could have enabled them to produce on a larger scale. Financial institutions should assist the SMEs.

    I was reading a story recently that there was SME intervention fund in CBN that was grossly under-utilised. Why should that be when we have a lot of SMEs looking for funds to develop products? If we want to assist the SME, we must make sure that interest rate on their loans is not more than five per cent. That is why Lagos State has used the benchmark of three per cent interest rate for the SMEs and I believe that appropriate policy should be put in place to allow interest rate come down for the SMEs like what is being done by the Lagos State government. Gone are the days when people used to say that SMEs will only collect money to marry wives. Now, that mindset should be dismissed and we should do away with that prejudices. SME operators are serious minded people and they have shown that at the last Lagos fair.

  • FIRRO: Science, others key to transformation in food system

    FIRRO: Science, others key to transformation in food system

    The Director-General, Federal Institute of Industrial Research, Oshodi (FIIRO), Dr. Gloria Elemo, has said science, technology and innovation are key to a robust transformation in the food system, expanded local agro-industry and value addition as well as improved management of resources for sustainable agricultural production.

    Elemo, who said this at the 10th Lecture Series of the College of Natural and Applied Sciences of the Bells University of Technology, Ota, noted that the Sustainable Development Goals (SDGs), the new global agenda, is positioned to address hunger, poverty and other human issues.

    She said: “They are a follow up to the MDGs after the post 2015 development agenda and they provide another opportunity to successfully tackle issues of human development especially food security and nutrition, but with lessons learned and experience from the MDGs.

    “Countries all over the world are expected to domesticate the agenda and make it work for them, Nigeria inclusive.’’

  • Ambode’s transformation agenda in Lagos

    Ambode’s transformation agenda in Lagos

    There was apprehensions after the change in baton in Lagos State, as to whether Governor Akinwunmi Ambode can perform like his predecessor, Babatunde Fashola, who rode on the megacity agenda of former Governor Bola Tinubu. Ten months down the line, the consensus of opinion is that the governor has not only matched the pace of his predecessors, he has also raised the bar in many respects. ENITAN SERIKI reports. 

    Stakeholders have hailed Akinwunmi Ambode’s performance in the last 10 months as the governor of Lagos State. They said ‘the consolidator’ has kept the flag of excellence flying. A series of armed robbery incidents that took place immediately after he assumed office had attracted negative publicity for the government. It took the governor’s prompt intervention, by provision of high definition security equipment to assist the police to combat crime, the rescue of abducted Babington Macauley Junior School students, among other things, to change the perception that criminals are free in the state.

    Analysts have hailed the silent and steady progresses achieved under the governor’s new agenda for a more prosperous and secure Lagos, through different programmes. For instance, under his watch, the state has taken a giant leap to cut the cost of governance through the merging of some ministries, departments and agencies.

    Ambode may have opted for a smaller cabinet, compared to that of his predecessor; he has scrapped the Ministry of Rural Development, Monitoring Office, Political and Legislative Powers Bureau, Office of the Special Adviser on Taxation and Revenue, as well as Debt Management Office. He has also merged the Office of Works and Office of Infrastructure; Office of Drainage Services and Office of Environmental Service for effective execution of government services.

    In the same vein, he has converted the Ministry of Home Affairs to Ministry of Tourism, Arts and Culture, which is saddled with responsibilities beyond home affairs alone. He has expanded the Ministry of Special Duties to accommodate Inter-governmental Relations, renaming it ministry of Special Duties and Inter-governmental relations while that of the Office of Transformation has been expanded and renamed the Office of Transformation, Creativity and Innovation. In addition, the responsibilities of the Ministry of Local Government and Chieftaincy Affairs have been expanded to include Community Affairs, renaming it Ministry of Local Government and Community Affairs.

    On assumption of office last year, Ambode pursued aggressively his ‘Operation Light up Lagos Project’, which has made driving at night a pleasurable experience. He also embarked on rehabilitation of roads.

    He has also made significant progress in the expansion of the existing waterway transportation system to ease road traffic since Lagos is blessed with abundant water resources by encouraging private participation in water transportation. Hitherto, the state was said to have the worst traffic in the world, which compelled Lagosians to remain locked up in traffic snarl, thereby wasting productive hours.

    The governor has received accolades for his commitment to the development plan of the state targeted on social development and security, infrastructural and economic development, as well as sustainable environment. In this regard, he awarded the contract for construction of Ikotun road, which has been in very bad shape for more than a decade now and work is currently on-going on the road. Furthermore, following his inspection of certain areas notorious for traffic congestions in the state, such as Dopemu junction, Abule-Egbe, Mile 2, Oworonshoki, Mile 12, Ipaja, Alimosho and Apapa, he has awarded the construction of pedestrian bridges at the designated points.

    Furthermore, Ambode has assured Lagosians that the light rail project from Orile to Lagos Island would be completed within 12 months. He has also embarked on the construction of more link and inner roads in the state. One of such is the on-going reconstruction of Creek road, Harold Wilson road and other major roads. The governor has also awarded the reconstruction of Brown Street and other major streets in Oshodi axis. On the other hand,

    Besides, Ambode recently assured Lagosians of his administration’s determination to complete the Mile 2-Badagry Road Expansion project in good time. The governor, who gave the assurance when he inspected the Mile 2-Badagry road construction works, which was being expanded to a 10-lane expressway, said the contractor working on the project has been mobilised to ensure that he delivers on schedule.

    He has equally commenced the building of a 1000-truck capacity park in Orile-Iganmu in order to resolve the perennial traffic gridlock in the commercial area of the city and also the daily loading of the tank trucks on the Apapa bridge by the tank farm owners has to be stopped to allow free flow of traffic on the bridge.

    To tackle the growing youth unemployment in the state, the governor established a N25 billion Employment Trust Fund and also established the Ministry of Wealth Creation and Employment to drive the government’s vision in that regard. “This specifically addresses the promise he made during his campaign on employment trust fund, labour exchange and entrepreneurship,” a politician who does not want to be named told The Nation.

    In line with his promise to attract investment and ease the difficulty of doing business in the state, the governor has set up the Office of Overseas Affairs and Investment (Lagos Global). Investors have been given the assurance that they can now fly into Lagos, start their business,  live, work and enjoy in the state.

    To exploit tourism potentials , Ambode has launched the tree-planting campaign, as well as the Deep Sea Port project in Badagry, covering about 1000 hectares of land area. This is expected to become the biggest in the African continent when completed.

    The governor has also fulfilled his promise of compensating the victims of the petroleum tanker explosion at Iyana-Ipaja and Idimu area Properties worth millions of naira were gutted when tankers laden with petroleum exploded. He donated N100,000 each to them to prove his deep concern for the welfare of the citizens. This token was given as palliative measures to cushion the losses incurred by the victims, as well as to enable them return to their normal lives prior to the outcome of the investigations into the cause of explosion.

    To identify with the Federal Government’s anti-corruption stance, he set up a special force and adopted strategic approaches in fighting the scourge. By operating a single bank account, a lot of cost has been saved in an effort to efficiently improve  revenue collection and accountability. He has blocked existing loopholes for looting and embezzlement of funds.

    In line with his campaign promises of running an inclusive government, he has appointed a non-indigene of Igbo extraction, Mr. Peter Nkedishuka Okonji, an an engineer, as the new General Manager of the State Electricity Board. Okonji succeeded Mrs. Damilola Ogunbiyi, who was appointed by the immediate past governor.

    Within few days in office, Ambode declared the second Lekki-Epe Expressway toll-free, saying that his major concern was ensuring the completion of the road and not in the toll fees levied on the road users.

    Ambode has responded to the call for the improvement in the quality of education in the state, by approving the recruitment of no fewer than 1300 teachers into public primary schools across the state. He has also approved the payment of the annual bursary awards for students in higher institution of learning across the country, stressing that his administration is determined to ensure that no child who seeks education is left behind. The governor has equally approved N188.5 million for the payment of 2014/2015 local scholarship and subsequent payments to students studying in various tertiary institutions across the country. About 886 students would benefit from the awards, which the governor had approved as part of efforts of the state government to reduce the financial burden of its citizenry.

     

    Retirees

    As part of efforts to enhance retirees’ welfare, Ambode has approved the payment of N2.2 billion to 658 retirees in the state who had retired from the state civil service, local governments and other parastatals. This Retirement Benefit Bond presentation, being the 18th consecutive one since the inception of the Contributory Pension Scheme, signifies the strong commitment of the State Government to the implementation and continued sustainability of the Contributory Pension Scheme.

     

    Reforms

    The state has embarked on local government reforms to make the 57 local councils more responsive to the needs of the people. He has rewarded self-help initiatives in local communities, by rewarding same though the provision of grants, assistance and other support through local governments and LCDAs.

     

    Agric

    To support the Federal Government’s bid to diversify the country’s economic base, Ambode has entered into an unprecedented food security and rice production pact with Kebbi State. Similarly, he has put in place strategies that would engender sustainable food production, especially in fishery, by creating enabling environment, facilitate capacity building and create ground for easy access to credit facility for fish farmers. This may reduce the cost of production and enhance profitability since more than 22 per cent of the entire land mass of Lagos is covered by water and about 180 km is a coastline.

     

    Health

    In the health sector, Ambode has commissioned 20 Mobile Intensive Care Units (MICU) and 26 Transport Ambulances, which were stationed at the 26 General hospitals in Lagos in his fulfillment of his administration’s commitment to bring quality healthcare service closer to the people. He has also approved the recruitment of more paramedic staff and special medical coordinators to ensure 24 hours service to the citizens. Alongside this, he has upgraded the General Hospitals within the state and constructed a Medical Park, while also ensuring the availability of Quality Drugs, new mobile x-ray machines and more hospitals.

  • Kigali Forum to accelerate Africa’s economic transformation

    Recent events in the global economy have made it urgent  for Africa to transform its economy.

    This was the message from the President of the African Centre for Economic Transformation (ACET), K. Y. Amoako, who was addressing delegates at the inaugural African Transformation Forum (ATF) in Kigali.

    Amoako said: “The sharp fall in commodity prices or the slowing of the Chinese economy has once again shown how vulnerable most African economies remain to external factors outside their control.”

    He was joined by Rwanda’s Minister for Finance and Economic Development, Claver Gatete and the Executive Secretary of the Economic Commission for Africa (ECA), Carlos Lopes in the opening session.

    Amoako said since ACET started its work in 2008, “a remarkable consensus has formed, both within and outside Africa, that economic transformation holds the key to sustained growth and prosperity”.

    He said this had been endorsed by the African Union, the African Development Bank, the ECA and the African Heads of State and Governments at their summit last year.

    “Our work will not end here…We are not here to talk… we are here to act. We are here to accelerate economic transformation,” he said.

    Speaking of his country’s advance in economic growth, Amako said Rwanda’s Vision 2020 envisages a country transformed in all aspects of the economy and the society moving towards a middle income country by 2020.

    He added that at 47 per cent, services had overtaken agriculture’s 33 per cent in Gross Domestic Product (GDP) figures. Besides, growth had been inclusive, with a corresponding reduction of poverty.

    “Our belief in and commitment to an African-led, collaborative and cross-stakeholder movement towards transformation is the reason why we have partnered with ACET to co-host this forum’’, he stated.

    ECA Executive Secretary, Lopes, said though Africa had experienced unprecedented growth over the past decade and had been remarkably resilient to the global economic crisis, its economic performance had not created enough jobs.

    “The continent remains home to the world’s highest proportion of poor people. Furthermore, African economic growth has proven vulnerable to volatility in commodity prices, demand and perception fragility,” he added.

    He however, said Africa, as a latecomer, has the privilege to learn from others’ experience.